APPOINTMENT OF DIRECTOR

7 May 2014

POWERFLUTE

APPOINTMENT OF DIRECTOR

Further to the announcement by Powerflute Oyj ("Powerflute" or the "Company"), the packaging and paper group, of the appointment of Maria Teresa Aliu Presas, 62, as a Non-Executive Director of the Company following the Annual General Meeting of shareholders held in Kuopio, Finland on 29 April 2014, the Company provides the following information.

Mrs Presas is currently Director of General of CEPI, the Confederation of European Paper Industries, a position she has held for 10 years and from which she will retire on 31 May 2014. Mrs Presas has over thirty years of experience within the paper industry and prior to joining CEPI in 2003 held a number of positions within the Tetra Pak organisation, including most recently Director of Corporate Environmental Affairs for Tetra Pak International.

Commenting on the appointment Dermot Smurfit, Chairman of Powerflute said:

"We are delighted to announce the appointment of Teresa Presas as a Non-executive Director of Powerflute and we are confident that her background, experience and knowedge of the paper industry will enable her to make an immediate and valuable contribution to the Board."

The additional information required under AIM Rule 17 in connection with appointment as a Director of Powerflute is as follows:

Mrs Presas is currently managing partner of STEPS Management Sprl, a company incorporated in Belgium.

There are no further disclosures required under Rule 17 or paragraph (g), Schedule Two of the AIM Rules for Companies.

- Ends-

For further information, please contact:

About Powerflute

Powerflute Oyj ("the Company" or "Powerflute") is a paper and packaging group quoted on the AIM market of the London Stock Exchange (Ticker: POWR). The Group operates a paper mill in Kuopio, Finland which produces a specialised form of semi-chemical fluting made from locally sourced birch. Corrugated boxes manufactured using Nordic semi-chemical fluting demonstrate strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill is one of only three suppliers of Nordic semi-chemical fluting in Europe.